Update
Bitcoin Bounces Back After Monday's Dip
Bitcoin rose 2% to just above $81,000 on Wednesday, recovering from its dip below $80,000 on Monday. The major gains were led by HYPE, which jumped nearly 6%, and ZEC, which added 5%. Ether and XRP also saw gains, with Ether climbing 2% to about $2,360 and XRP rising 3% to $1.32. The update follows a note from Galaxy, which said now is the time to accumulate bitcoin, and a prediction from Alex Thorn, the firm’s head of firmwide research, that the bear market likely ended in June when bitcoin traded under $58,000. The bigger test comes later with the Federal Reserve Chair’s press conference on Wednesday.